Adanis to invest $2bn for 2500MW power plant in Odisha

Views: 746


The Adani Group is set to invest USD 2 billion to build a 2,500MW power plant in Odisha. According to media reports, the investment will raise the capacity of Adani Group by 25 percent and boost electricity supply.

The news comes only days after the group bought Lanco Infratech’s 1,200MW Udupi power plant in Karnataka for Rs 6,000 crore in turn helping the cash strapped Lanco.

Adani Group, the largest private power producer in India, will be signing a pact with the Odisha government in the next four months’ time to set up a new plant, said Rajesh Jha, the man responsible for the group’s mining business in the state.

As per the group’s plans, it aims to generate 1,000 megawatt (MW) of electricity by 2017 in Odisha?. The coal will be sourced from the blocks it has in Odisha, which has a total capacity of 70 million tonnes. Currently, Adani Power has an installed generation capacity of about 8,580 MW, which will be increased through the deal with Odisha government and Lanco Infratech.

The company has been on a roll, with the conglomerate winning state approval earlier this month to build a 300-km rail line for its USD 15bn Carmichael coal mine project in Australia that will enable transportation of 100 million tonnes of coal a year after construction. Andreas Athanasiou Jersey

Click to comment

Leave a Reply

Your email address will not be published.

Most Popular


About Us

Smart city portal was started with an aim to provide latest news information about the smart city mission of the Government of India. Founded in 2015, the portal enjoys the distinction of being India's first integrated website on smart cities of India. The website features stories on the economic growth of Indian cities where the government is trying to improve the quality of life of people by enabling local development and harnessing technology as a means to create smart outcomes for citizens.

Contact Us

Elets Technomedia Pvt. Ltd. Stellar IT Park, 7A/7B, 5th floor, Annexe Building, C-25, Sector 62 Noida – 201309, Uttar Pradesh, India

To Top